EMERGING MARKETS-EM FX steady as Iran peace prospects assessed; Asia stocks surge on AI lift
Published on: May 11, 2026, 3:25 p.m. | Source: Devdiscourse
Investor sentiment was subdued across emerging markets after U.S. President Donald Trump rejected Iran's response to a U.S. peace proposal, stalling progress on talks to end the war. Oil prices surged again, as shipping through the crucial Strait of Hormuz, through which 20% of the world's energy shipments transit, remained choked.
